In the investing world, a totally new way of doing things that has a huge effect on business. The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. The term "new paradigm" was overused during the dotcom boom years. Anything and everything involved with the Internet was described as a "new paradigm" or a "paradigm shift."
The lowest quoted ask price for a particular stock among those offered from competing market makers. Taobiz explains Best Ask In layman's terms, this is the lowest price for which someone is willing to sell an asset.
A corporate structure whereby the shareholders of the company have a limited liability to the company's actions. |||Basically, an LLC is a hybrid between a partnership and a corporation.
A buzzword that describes the economic philosophy of U.S President Barack Obama. Obamanomics calls for lower tax rates for companies that meet certain criteria, such as providing decent healthcare and maintaining a U.S. workforce and headquarters. Obama's economic platform also calls for higher taxes for high-income families and investment in education, healthcare and the sciences. Obamanomics generally stands in opposition to supply-side, or "trickle-down", economics, which holds that people (including the rich) should keep more of what they earn because they will spend that money, promoting economic growth. Obamanomics shares some similarities with Keynesian economics, which states that active government intervention and monetary policy can smooth out bumps in economic cycles and promote stability.
A large hedge fund led by Nobel Prize-winning economists and renowned Wall Street traders that nearly collapsed the global financial system in 1998 as a result of high-risk arbitrage trading strategies. The fund formed in 1993 and was founded by renowned Salomon Brothers bond trader John Meriwether. |||LTCM started with just over $1 billion in initial assets and focused on bond trading. The trading strategy of the fund was to make convergence trades, which involve taking advantage of arbitrage between securities that are incorrectly priced relative to each other. Due to the small spread in arbitrage opportunities, the fund had to leverage itself highly to make money. At its height in 1998, the fund had $5 billion in assets, controlled over $100 billion and had positions whose total worth was over a $1 trillion. Due to its highly leveraged nature and a financial crisis in Russia (i.e. the default of government bonds) which led to a flight to quality, the fund sustained massive losses and was in danger of defaulting on its loans. This made it difficult for the fund to cut its losses in its positions. The fund held huge positions in the market, totaling roughly 5% of the total global fixed-income market. LTCM had borrowed massive amounts of money to finance its leveraged trades. Had LTCM gone into default, it would have triggered a global financial crisis, caused by the massive write-offs its creditors would have had to make. In September 1998, the fund, which continued to sustain losses, was bailed out with the help of the Federal Reserve and its creditors and taken over. A systematic meltdown of the market was thus prevented.
One of two stock exchanges in Switzerland, located in the nation’s fifth-most populous city of Berne. The Berne Exchange is much smaller than the Swiss Exchange, which dominates share trading in Switzerland. The exchange was formally set up in 1884 and is managed by the Berne Stock Exchange Association. It is also known by its abbreviation BX. Taobiz explains Berne Exchange - BX The Berne Exchange aims to attract listings of Swiss small and medium-sized enterprises, which typically are unable to meet the more stringent listing criteria of the Swiss Exchange. It introduced a fully electronic trading platform in 2002.
A resource of economic value that cannot be readily replaced by natural means on a level equal to its consumption. Most fossil fuels, such as oil, natural gas and coal are considered nonrenewable resources in that their use is not sustainable because their formation takes billions of years. Nonrenewable resource fuels are still the primary source of all the power generated in the world due to their affordability and high energy content. Besides the environmental impact of burning fossil fuels, the economic impact of nonrenewable resources can also be very damaging. As nonrenewable resources become more scarce, the cost to obtain them will continue to rise. Eventually, the price will hit a point that end users cannot afford, forcing a move toward alternative energy sources.
A business metric that represents the average cost per unit of output over the long run, where all inputs are considered to be variable. Long-term unit costs are almost always less than short-term unit costs because in a long-term time frame, companies have the flexibility to change big components of their operations, such as factories, to achieve optimal efficiency. A goal of both company management and investors is to determine the lower bounds of LRATC. |||For instance, if a manufacturing company builds a new, larger plant for production, it is assumed that the LRATC per unit would eventually become lower than at the old plant as the company takes advantage of certain economies of scale.
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